Personal Loan Interest Rates
What is a personal loan?
Personal loans are the loans which a borrower can borrow for their personal use. A personal loan can be borrowed to fulfil your what is a personal loan5 needs. It includes medical emergencies, your additional expenses, weddings etc. The personal loan is a financial aid to any individual to bear their personal expenses.
Lenders Interest Rate (p.a.) Processing Fee (% of loan amount)
State Bank of India 10.30%-15.10% Up to 1.5% (Maximum Rs 15,000)
HDFC Bank 11.00% onwards Up to Rs 4,999
Punjab National Bank 9.30% – 15.85% Up to 1%
ICICI Bank 10.75% onwards Up to 2.5%
Bank of Baroda 9.70% – 17.05% 2% (Minimum Rs 1,000 and Maximum Rs 10,000)
Union Bank of India 10.30%-14.40% Up to 1% (Maximum Rs 7,500)
Axis Bank 10.25% onwards 1.5%-2%
Bank of India 10.75% onwards Up to 2% (Maximum Rs 10,000)
Indian Bank 9.90% – 11.40% Up to 1%
Kotak Mahindra Bank 10.99% onwards Up to 3%
Central Bank of India 10.75% – 10.95% Up to 1%
IndusInd Bank 10.49% onwards Up to 3%
IDBI Bank 9.50% – 14.00% 1% (Minimum Rs 2,500)
Indian Overseas Bank 11.40% – 12.40% Up to 0.75%
Yes Bank 10.99% onwards Up to 2.5%
You can use a personal loan EMI calculator to know your EMI how much you would be paying during the personal loan5 tenure against different interest rates and loan tenures.
The online personal loan EMI calculator also works as an interest calculator as it also helps you to know the total interest payable on your personal loan.